#eth / #btc pair has lost the trend line support with this month's dump and now trying to reclaim the bull triangle. Claiming the trend will be favorable for #ethereum but this is also a bearish retest. If #ethbtc price declines hard here, this will be greatly unfavorable. Not financial advice.
BTC leads, the rest follows? This is ETH against BTC, not USD! So as long as BTC doesn't do a big dump, it sure looks like ETH might push next. With BTC being close to ATH and ETH still missing another 30% just to get to ATH (in USD), that does seem plausible enough. Going by this projection though and assuming at least a stable BTC at the current levels...
The chart is largely self-explanatory. The parallel trend lines are validated by being touch points for many price tests at different time points and across different price levels.
Increasing my ETH short. There is no reason for ETH to exist. Also, any other sh1pcoin. This cycle will not be like previous cycles, no ATH for sh1pcoins.
On a weekly chart we have strong indication of a bullish divergence. ETH is ready for take off. BTC halving is over -> Has it been priced in already?
It should know that when the price of ETHBTC is on a downtrend, this generally signifies that Ethereum is weaker than Bitcoin(especially when Ethereum and Bitcoin are both Bearish). If ETHBTC is bullish, like the above chart, it signifies that Ethereum is stronger than that of Bitcoin. How does this chart affect the price of Bitcoin and Ethereum? It simply...
Looking at the weekly chart of VANTAGE:BTCETH BTCETH we can see that since the beginning of 2023, CRYPTO:BTCUSD has been steadily advancing relatively with CRYPTO:ETHUSD and has been at the new high for the last 2 weeks. This means that for trend-following traders, BTC is clearly a preference for trading in the long direction.
Here's the information about Ethereum's price relative to Bitcoin: Price tends to rise after halving: Historically, the price of Ethereum compared to Bitcoin (ETH/BTC) has a tendency to peak around a year after a Bitcoin halving event. Price dips after the peak: Following this peak, the price of ETH/BTC typically falls for several months, reaching its lowest...
Relative to BTC, ETH hasn't had another ATH. Should this happen, and I'm not saying it will, these are the levels I'll watch. I haven't yet thought though the implications of this from a marketcap perspective.. who knows, this may not even be possible, but here it is anyway. w00f!
📣 Hello everyone! I believe that we are witnessing a global uptrend in the ETH/VTC trading pair and the value of Ether in relation to Bitcoin should grow over time. In May 2017, the first wave of the cycle ended, then in September 2019, the correction in the wave of the II cycle ended, after which the long-term impulse wave of the III cycle started. In the...
ETH will probably continue down against BTC. It's just broken a major support line, retested it so the continuation in the downward is likely.
Currently on a sideway trend support which started since May 2021. I see two likely scenarios; 1- Going further down to the green support line which is almost a 3 year support. There seems to be a good crossing point of three different supports which I tagged with a price label. It could touch there one last time before starting its new run. 2- Bounce up from...
like a monkey with a miniature cymbal the joy of repetition really is in you under and under and under and under and under the spell of repetition really is on you
Zoom out on COINBASE:ETHBTC to reveal an H/S inverted that hasn't yet hit TP 1 or 2 and is re-testing its breakout. For a more conservative set of targets (purple), it consolidated around TP 1 and is now re-testing its neckline. Conditions for success: remain above the yellow and/or purple necklines.
The grid strategy is one of the most popular and interesting in the world of crypto and forex trading. Simply because it abuses volatility, market fluctuations, and those markets are well known for it. In this guide, I will explain the strategy and showcase a powerful grid trading indicator that can help traders to better understand and implement this...
ethbtc bullish,will touch before ressistant will touch before ressistant
When we talk about officially breaking down is when a weekly candle closes below, or above, a certain price level. This happened for ETH/BTC this week showing more weakness in the Altcoin market, and in crypto in general: